Crescent Capital BDC (NASDAQ:CCAP) Sees Large Volume Increase – Here’s What Happened

Shares of Crescent Capital BDC, Inc. (NASDAQ:CCAP) saw strong trading volume on Friday . 144,505 shares changed hands during trading, an increase of 6% from the previous session’s volume of 136,144 shares.The stock last traded at $15.92 and had previously closed at $16.88.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on shares of Crescent Capital BDC from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.20.

Crescent Capital BDC Stock Down 7.5 %

The stock has a market capitalization of $578.54 million, a PE ratio of 7.83 and a beta of 0.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 1.26. The business’s fifty day moving average price is $18.40 and its two-hundred day moving average price is $18.75.

Crescent Capital BDC (NASDAQ:CCAP) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $46.40 million during the quarter, compared to analysts’ expectations of $47.27 million. Crescent Capital BDC had a return on equity of 11.90% and a net margin of 37.32%. On average, equities research analysts forecast that Crescent Capital BDC, Inc. will post 2.09 EPS for the current fiscal year.

Crescent Capital BDC Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, February 28th. Crescent Capital BDC’s payout ratio is 84.42%.

Institutional Trading of Crescent Capital BDC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Montag A & Associates Inc. acquired a new position in Crescent Capital BDC during the fourth quarter valued at $35,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Crescent Capital BDC in the 4th quarter valued at about $39,000. Aquatic Capital Management LLC purchased a new stake in shares of Crescent Capital BDC in the fourth quarter worth about $129,000. Generation Capital Management LLC acquired a new stake in Crescent Capital BDC during the fourth quarter worth about $192,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Crescent Capital BDC during the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

About Crescent Capital BDC

Crescent Capital BDC, Inc is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.